Federal taxpayers spent $474 million Exchanges in that appear destined for the junk heap: Massachusetts, Oregon, Nevada and Maryland. Each of the states embraced Obamacare, and each underperformed massively. All have come under scathing criticism and now face months of uncertainty as they rush to rebuild their systems or transition to the federal exchange.
Now for people that actually understand the math of Obamacare this is no surprise at all. It is really sad that so many people can see this train-wreck coming yet can do nothing about it. We have all seen the stubborness of President Obama and Democrats to ran this unpopular law down Americans throats when a majority of the population want nothing to do with it.
Now all four of these states are giving up and telling their citizens to use the federal system. In the meantime all the taxpayer money spent will be eaten by the taxpayer. Money completely wasted. Millions! In Oregon not a single person was able to sign up due to a website that never functioned properly! Millions of $$ spent for nothing.
Federal taxpayers spent $474 million Exchanges in that appear destined for the junk heap: Massachusetts, Oregon, Nevada and Maryland. Can we add in Hawaii? We should. Another totally inept rollout of Obamacare and another exchange that will be scrapped soon. Listen to this. In Hawaii they have spent over $6 in taxpayer money for every $1 collected in premiums. How inefficient is that? Again, we have seen this coming for months and we will see more and more of this in the future. The Obamacare system simply does not work without the taxpayer wasting millions of dollars to keep it afloat.
Massachusetts actually wants to build a portal from scratch while planning a move to the federal exchange as a backup. The dual-track approach could require more than $120 million on top of the $170 million it already wasted. That cost is nearly twice as much as if the state were to simply bail on its Connector, but officials seem to be banking in part on the Obama administration’s greater interest in helping the Massachusetts exchange survive.
The Obamacare system simply does not work without the taxpayer wasting millions of dollars to keep it afloat. In the end it will either need to be scrapped or send this country into a tailspin of further debt.